U.S. STOCK INDEXES The Dow closed lower on Monday but left Wall Street with a strong performance for the month despite the COVID-19 pandemic. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends this month's rally, February's high crossing at 29,568.57 is the next upside target. Closes below the 20-day moving average crossing at 27,879.22 would confirm that a short-term top has been posted. First resistance is last-Friday's high crossing at 28,636.67. Second resistance is February's high crossing at 29,568.57. First support is the 20-day moving average crossing at 27,879.22. Second support is the 50-day moving average crossing at 26,891.37. The September NASDAQ 100 closed higher on Monday as it continues to extend this year's rally into record territory. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. If September extends the rally off March's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 11,425.34 would confirm that a short-term top has been posted. First resistance is Today's high crossing at 12,149.75. Second resistance is unknown. First support is the 20-day moving average crossing at 11,425.34. Second support is the 50-day moving average crossing at 10,888.07. The September S&P 500 closed lower on Monday. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 3381.42 would confirm that a short-term top has been posted. First resistance is today's high crossing at 3510.81. Second resistance is unknown. First support is the 20-day moving average crossing at 3381.42. Second support is the 50-day moving average crossing at 3251.41.
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